Price for Silver Compounds; Excluding Silver Nitrates in the UK - 2023
Contents:
- Price for Silver Compounds; Excluding Silver Nitrates in the UK (FOB) - 2023
- Price for Silver Compounds; Excluding Silver Nitrates in the UK (CIF) - 2022
- Exports of Silver Compounds; Excluding Silver Nitrates in the UK
- Imports of Silver Compounds; Excluding Silver Nitrates in the UK
Price for Silver Compounds; Excluding Silver Nitrates in the UK (FOB) - 2023
The average export price for silver compounds; excluding silver nitrateses stood at $716K per ton in August 2023, which is down by -10.4% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in June 2023 an increase of 36% m-o-m. As a result, the export price reached the peak level of $854K per ton. From July 2023 to August 2023, the the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In August 2023, the country with the highest price was Germany ($828K per ton), while the average price for exports to Switzerland ($706K per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Silver Compounds; Excluding Silver Nitrates in the UK (CIF) - 2022
The average import price for silver compounds; excluding silver nitrateses stood at $185,958 per ton in 2022, with an increase of 18% against the previous year. Over the period under review, the import price, however, showed a deep setback. The import price peaked at $501,931 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($440,213 per ton), while the price for Spain ($49,038 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Silver Compounds; Excluding Silver Nitrates in the UK
In 2022, the amount of silver compounds; excluding silver nitrateses exported from the UK contracted significantly to 497 tons, declining by -55.7% on 2021 figures. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 133% against the previous year. As a result, the exports attained the peak of 1.1K tons, and then reduced notably in the following year.
In value terms, silver compounds; excluding silver nitrates exports contracted sharply to $365M in 2022. Over the period under review, exports, however, showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 2,558%. As a result, the exports reached the peak of $440M, and then declined significantly in the following year.
| Export of Silver Compounds; Excluding Silver Nitrates in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | 0.1 | 290 | 229 | 4685.4% |
| Belgium | 1.8 | 2.2 | 52.4 | 88.9 | 266.9% |
| Germany | 3.5 | 6.8 | 83.5 | 31.8 | 108.7% |
| Switzerland | 7.9 | 6.1 | 13.0 | 13.5 | 19.6% |
| Others | 2.2 | 1.3 | 1.6 | 1.9 | -4.8% |
| Total | 15.5 | 16.6 | 440 | 365 | 186.6% |
Top Export Markets for Silver Compounds; Excluding Silver Nitrates from the UK in 2022:
- Netherlands (306.9 tons)
- Belgium (122.9 tons)
- Germany (40.6 tons)
- Switzerland (20.6 tons)
Imports of Silver Compounds; Excluding Silver Nitrates in the UK
In 2022, after three years of growth, there was significant decline in overseas purchases of silver compounds; excluding silver nitrateses, when their volume decreased by -65.7% to 14 tons. Over the period under review, imports saw a dramatic decrease. The most prominent rate of growth was recorded in 2021 with an increase of 2.5% against the previous year. As a result, imports reached the peak of 40 tons, and then contracted remarkably in the following year.
In value terms, silver compounds; excluding silver nitrates imports reduced sharply to $2.6M in 2022. In general, imports continue to indicate a sharp setback. The growth pace was the most rapid in 2020 with an increase of 13%.
| Import of Silver Compounds; Excluding Silver Nitrates in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 2.0 | 0.4 | N/A | 868 | 657.1% |
| Germany | 2,995 | 3,732 | 5,054 | 376 | -49.9% |
| Japan | 25.2 | 60.0 | 10.5 | 294 | 126.8% |
| Spain | 131 | 135 | 273 | 267 | 26.8% |
| United States | 284 | 303 | 138 | 242 | -5.2% |
| Belgium | 26.0 | 36.2 | 595 | 187 | 93.0% |
| France | 890 | 537 | 77.9 | 127 | -47.7% |
| Ireland | 554 | 189 | 78.2 | N/A | -62.4% |
| Others | 118 | 709 | 147 | 215 | 22.1% |
| Total | 5,026 | 5,702 | 6,374 | 2,575 | -20.0% |
Top Suppliers of Silver Compounds; Excluding Silver Nitrates to the UK in 2022:
- Spain (5.4 tons)
- Italy (2.8 tons)
- Germany (2.5 tons)
- United States (0.8 tons)
- Japan (0.7 tons)
- Belgium (0.6 tons)
- France (0.5 tons)
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